Hi Maurice, <<US$ has dropped 25% since then ... I am in frightened rabbit posture. Deer in headlights stance. Cowering wimp mode ... My US$ are sitting there, vulnerable. I am depending on my fallback position of our estimable hero, Uncle Al KBE, raising interest rates to defend the world's pre-eminent currencies value against the barbarian hordes.>>
Yup, you are suffering, along with everyone else, like these folks
insidedenver.com
bakersfield.com
My guess is Target Stores will not last the Storm of the Century.
If we have to blame one man and one only, his name would be Maestro Greenskaput, the benighted hero of Maurice. He poured money over the world, allowing multiple and successive bubbles to take form, and now, nothing to do except to wait for the final outrage.
And yet, as CB and ACF would note, growth is 2-3+%, productivity is rising, and lots of folks are getting jobs, there is no banking problem yet, so, therefore, everything must be just fine, as we drop past the 18th floor ledge, powered by gravity.
Chugs, Jay |
